UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next
Author: jerryab Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1976233  
Subject: Re: Wall Street'ers in jail Date: 10/11/2012 11:18 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
was not bad paper when originated at the begining

Then why sell it if it is "good" paper with a satisfactory return? Selling the paper reduces the rate of return to the seller. Why the need for insurance to cover "excess" losses? Why the need for "AAA" ratings if it is "good" paper? The investment banks would unconditionally guarantee and back the paper they sell as investments to others--right?

Barny Frank set the criteria for loan requirements, banks had to use it

Tell us which investment banks used those criteria. How were they "forced" to use that criteria? Investment banks created the vast majority of the bad paper.... So, tell us your tall tales.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Dividend Growth Investing

Good Time for Dividend Champions?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement